Neometals : Lithium Presentation for Benchmark New York

The evolution of lithium®

Why we still love lithium

Benchmark New York, May 2019

ASX Code: NMT OTC/Nasdaq Intl: RDRUY

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Disclaimer

Summary information: This document has been prepared by Neometals Ltd ("Neometals" or "the Company") to provide summary information about the Company and its associated entities and their activities current as at the date of this document. The information contained in this document is of general background and does not purport to be complete. It should be read in conjunction with Neometals' other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange, which are available at www.asx.com.au.

Forward-lookinginformation: This document contains,opinions, projections, forecasts and other statements which are inherently subject to significant uncertainties and contingencies. Many known and unknown factors could cause actual events or results to differ materially from the estimated or anticipated events or results included in this document. Recipients of this document are cautioned that forward-lookingstatements are not guarantees of future performance.

Any opinions, projections, forecasts and other forward-looking statements contained in this document do not constitute any commitments, representations or warranties by Neometals and its associated entities, directors, agents and employees, including any undertaking to update any such information. Except as required by law, and only to the extent so required, directors, agents and employees of Neometals shall in no way be liable to any person or body for any loss, claim, demand, damages, costs or expenses of whatever nature arising in any way out of, or in connection with, the information contained in this document.

Financial data: All figures in this document are in Australian dollars (AUD) unless stated otherwise.

Not financial product advice: This document is for information purposes only and is not financial product or investment advice, nor a recommendation to acquire securities in Neometals. It has been prepared without taking into account the objectives, financial situation or needs of individuals. Before making any investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek legal and taxation advice appropriate to their jurisdiction.

Investment risk: An investment in securities in Neometals is subject to investment and other known and unknown risks, some of which are beyond the control of Neometals. The Company does not guarantee any particular rate of return or the performance of Neometals. Investors should have regard to the risk factors outlined in this document.

Compliance Statement:

The information in this document that relates to "Lithium Battery Recycling - Scoping Study Results" has been extracted from ASX Release set out below. The Company confirms that it is not aware of any new information or data that materially affects the information included in the ASX Release set out below..

22/02/2017	Lithium Battery Recycling - Scoping Study Results

The Company confirms that all the material assumptions underpinning the "Lithium Battery Recycling - Scoping Study Results " released on 22 February 2017 continue to apply and have not materially changed.

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Executive Summary

•Innovative project developer listed on ASX (ticker NMT)

•Acquired & developed Mt Marion into the world's 2nd largest spodumene producer with MinRes (ASX:MIN) and Ganfeng (HK:1772)

•Staged sell-down with final tranche settling Mar 2019 (A$104M) taking total project returns to ~A$200M on outlay of A$3M.

•Retained Annual Offtake Option for 57kt of SC6 for Life-of-Mine

•Returned A$39M in dividends in 4 consecutive financial years*

•Post-dividend*cash of +A$116M plus ~A$10M in investments vs. current market cap of A$125M

•Strong balance sheet to develop the following core, wholly-owned projects:

1.Lithium-IonBattery Recycling Project;

2.Lithium Refinery Project (WA).

3.Barrambie Titanium and Vanadium Project (WA);

* Post partially franked 2 cent dividend payable 15 March 2019

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Our lithium ecosystem post-Mt Marion

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Short term development priorities

•Core strategy - de-risk and develop long life projects with strong partners and integrate down the value chain to increase margins and return value to shareholders

•Neometals will maintain a defensive balance sheet strategy and disciplined capital allocation in-line with todays market conditions and

•Near-termdevelopment priorities :

•Completion of the lithium-ion battery recycling pilot and feasibility study in parallel with market qualification, partner and approval processes; and

•Commercialisation of the LiB recycling plant;

•Advancing the design and approvals for the lithium refinery project to align development timing with next lithium market cycle.

•Barrambie - advancing pilot testing, engineering and approvals for development of vanadium and titanium project;

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